BlackRock's Li: US Treasury Term Premia Has 'More to Go'

The video discusses the impact of a changing regime on Treasury yields, leading to historic losses. It explores the challenges in bond market investing and the return of income in bonds. The focus shifts to market dynamics through a repricing lens, highlighting the movement of basis points and the role of central banks. The video concludes with an analysis of term premium, bond volatility, and fiscal imbalance, emphasizing the need to be underweight in US long duration bonds.

What impact has the current regime had on Treasury yields?

What does the term 'uncharted territory' refer to in the context of the bond market?

How has the balance of bonds in portfolios been challenged recently?

What does the term 'term premium' signify in the current market context?

Why has there been an underweight position in US long duration bonds?